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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Right To Rent fuelling massive ID fraud, BBC investigation reveals

The BBC says Right To Rent legislation is fuelling a burgeoning market in fake IDs - in some cases creating access to property to the illegal...

London online lettings agency secures £100,000 crowdfunding investment

Online lettings and sales agency Vesper Homes says the £100,000 investment secured via crowdfunding will create “a significantly enhanced user experience across the board.”   The two-month fund-raising...

Country agency that opened surprise London office names lettings chief

Humberts, the country agency which raised eyebrows earlier this year by announcing it was to open an office in prime central London, has now appointed a...

'Deposit Passports' won't change key rental problems, warns agent

A campaigning lettings agent says proposals to allow renters to transfer tenancy deposits between properties are to be welcomed – but will do little to improve...

Last chance for agents to shape digital future of the industry

This is a final call for estate and letting agents to have a say on what may be one of the most important surveys of the...

Gambling addict lettings agent who stole thousands is jailed

A lettings agent who stole thousands of pounds collected from tenants has been jailed for 20 months. Kent Online reports that gambling addict Lee Grace was originally accused of stealing...

Agency probed by Trading Standards after complaints by tenants

A London letting agency with connections to Westminster council is now being investigated by the same council’s trading standards department. CityWest Homes was launched by the council...

Countrywide reports record exodus of private tenants from London

Countrywide says a record 64,672 tenants left London over the last 12 months with an unusually-high proportion going on to rent elsewhere. Some 78 per cent, or 50,406,...

Info for agents: This is how to tell MPs about reform of rental sector

Agents have until November 24 - two days after the next Budget - to submit evidence to the latest probe into the private rental sector by...

Online agency wants landlord clients to give it social media publicity

An online agency aimed at the student market is launching a sister service for the mainstream rental sector.  ClickTenant - set up by the people behind the...

MPs launch new probe into private rental sector regulation

The powerful and all-party Communities & Local Government Select Committee of MPs has launched a new enquiry into improving the quality of the private rental sector. The...

Call for carbon monoxide alarms to be fitted in all properties to let

Almost a third of renters in the UK do not have a life-saving carbon monoxide alarm in their property, with four in five unaware that it...

Overseas students key for prime central London lettings sector

The rental market in parts of prime central London is becoming increasingly dominated by well-funded overseas students, according to a leading letting agent.    Susan Cohen, head of...

Agency group takes a stake in new digital mortgage service

LSL Property Services, which owns Your Move and Reeds Rains lettings and estate agencies, is investing in an online buy to let mortgage start-up.   A subsidiary of...

Welsh private rental sector may contract next year, warns trade body

The private rental sector in Wales is at risk of contracting next year, warns the Residential Landlords’ Association.   RLA Wales policy officer Daniel Bellis says the lack...

ARLA's 10-point guide for renters - with the emphasis on agents

The Association of Residential Letting Agents has issued a 10 point guide for tenants - with the emphasis very much on getting them to rent though...

Another big rise in buy to let mortgage lending to companies

There’s been another large increase in the number of buy to let mortgages sought by limited companies - they accounted for nearly four in every five...

Ex-Countrywide man joins fast-expanding Nick Dunning Associates

The fast-expanding Nick Dunning Associates - which acquired London agency Stirling Ackroyd over the summer - has strengthened its leadership team with the appointment of ex-Countrywide...

RICS says lettings market looks subdued in the near-term

Interest from prospective tenants edged up during September according to the Royal Institution of Chartered Surveyors.    Of agent members who responded to the institution’s latest residential survey...

Equity Release operator ramps up pitch for buy to let business

Equity release firm Retirement Advantage - which recently launched two new products aimed at buy to let operators aged 55 and over - says there is...

Clampdown on rogue agents and landlords welcomed by PropTech firm

PropTech firm PayProp has welcomed the latest measures to clamp down on rogue elements within the lettings industry - but warns there’s still much to do...

MEES "fundamentally flawed" for heritage properties, claims group

The CLA says the energy efficiency regulations for the lettings sector coming into effect in April are “fundamentally flawed” when it comes to listed and heritage...

PropTech firm teclet is latest category partner for The ESTAS 2018

PropTech firm teclet has been announced as a main category partner for the 15th annual ESTAS Estate and Letting Agent Awards next year.     teclet, which launched...

Prime central London rents down 3% and gross yield just 3.2%

Average rental values fell three per cent in the year to September 2017 according to Knight Frank.   This decline is the smallest since June 2016.   The number of...

Van parked in residential street advertised To Let at £200 a month

A yellow minibus-style van parked in a residential street has been advertised on small ads site Gumtree as being to let for £220 per month. Local media report...

New rent rises 'could be landlords passing on charges' says HomeLet

Rents in the UK rose by an average of 2.1 per cent during September according to HomeLet.   HomeLet says last month’s rise continues the trend towards higher rents...

Letting agents - how are you coping with digital modernisation?

Angels Media and a property technology consultancy are joining forces to conduct the first-ever survey into how agents and other property professionals are handling the digital...

One of buy to let's most famous mortgage firms is rebranding

One of the industry’s best known buy to let lenders, Paragon, is combining its Mortgage Trust and Paragon Mortgages product ranges under a single, refreshed brand.   Paragon...

Rents fall and void periods lengthen as supply starts to exceed demand

Rents outside of London have dropped by 0.2 per cent in the third quarter of this year according to new data from Rightmove. This sharply bucks the...

Fast-growing lettings and estate agency snap up city independent

Manchester city centre-based agency Ascend Properties has acquired local independent company Living Quarter. The deal will see Ascend’s number of managed properties rise to almost 2,500. Since launching...

Revealed - key ways renters break their tenancy agreements

A strong majority of tenants admit that they have broken tenancy rules in at least one significant way. A study for interiors firm Hillarys asked 2,399 tenants...

Insurance specialist warns of fire dangers in student accommodation

A lettings insurance specialist company is warning that students moving into private rental accommodation may pose a greater-than-average risk of fire. Total Landlord Insurance says new figures...

Crooked ex-lettings agent conned five other agencies into releasing keys

A former lettings agent stole thousands of pounds worth of cash and personal items from homes after conning other agents into releasing keys.    Ben Papantoniou, a former...

Over 90% of tenants not currently looking to buy, says agency

A tenant survey conducted by an online letting agent suggests that almost nine out of 10 tenants are not currently looking to buy a home. Some 87...

Equity release 'could help portfolio landlords hit by new rules'

Portfolio landlords unable to borrow or contemplating selling because of new Prudential Regulation Authority rules are being urged to consider equity release as an option.   Lenders now...

Agency boss on fraud and money laundering charges is re-bailed until 2018

The director of a Plymouth letting agency has been re-bailed and will appear in court again in January.    Heather Crabb, owner of Drake Homes in Plymouth, was...

Agents must communicate better with landlords and tenants says BTL expert

A leading buy to let expert is calling on agents to work more closely with landlords and tenants to improve communications - and in so doing,...

Extra affordable housing cash may help clean up private rental sector - claim

The National Landlords’ Association says the extra £2 billion in funding made available by the government for additional affordable housing may indirectly lead to a reduction...

Council forces planning consent for HMO buy to let conversions

Greenwich is the latest council to make it compulsory for planning consent to be given before converting homes into Houses in Multiple Occupation.   The change, an Article...

Under-35s pay approaching half the UK's total rent bill, says Savills

The increasing number of renters and low interest rates for existing home owners mean that the total rent bill is now more than double the total...

Fixflo's ARLA deal allows agents to build tenancy contracts from scratch

Fixflo has teamed up with ARLA Propertymarket to launch a new Tenancy Builder tool to enable agents to easily build tenancy contracts from scratch.   Propertymark is also...

Regional agency chain acquires city-based independent firm

A Leicestershire agency chain has acquired a rival Leicester-based independent.  Whitegates, which has offices in Loughborough, Mountsorrel and central Leicester, has acquired Leicester-based Taylors Property Services. Whitegates -...

One in 20 lettings properties would fail new energy standard - claim

One in 20 lettings properties breach minimum standards set to come into force next April, according to a survey for an insurance firm.   The study, involving 1,000 tenants...

Industry broadly welcomes new regulation but 'devil is in the detail'

The Association of Residential Letting Agents has welcomed the government commitment to introduce regulation for agencies - but it is warning that the devil is in...

Council back on warpath fining agency for unauthorised boards

Letting agency Saxons has been fined more than £3,000 after pleading guilty to the offence of displaying an unauthorised To Let board on a property.   The prosecution...

Lettings company fined £200,000 over dangerous properties

A property company and a landlord have been fined over £200,000 after being accused of putting tenants’ lives in danger by letting a flat with a...

PropTech: Insurer Direct Line invests in deposit-alternative start-up

The insurance group Direct Line says it is taking a 15 per cent equity stake in Canopy, an ‘alternative deposit’ company.    Canopy offers a RentPassport which provides...

Here we go again: Tories unveil slew of new controls for private rental sector

The Conservatives have used their annual conference in Manchester to unveil a raft of new controls and regulations applying to the private rental sector.   Specific details are...

Labour's rent controls - more details emerge of how they would apply

The shadow housing minister, John Healey, has started to flesh out the details of Labour's proposed rent controls, announced by Jeremy Corbyn last week.   Writing on the...

Half of tenants have stayed for five years or more, survey reveals

A new survey by a property insurance firm suggests more than half of private rental sector tenants have remained in the same property for at least five...

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